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Contrasting Financial Statement Disclosures of Public and Private Companies
December 10, 2023
What are the key differences between a public and private company's financial statement disclosures?
Public companies have broader financial statement disclosure requirements compared to private companies. Public companies comply with regulatory bodies like the SEC, necessitating detailed disclosures on operations, risks, executive compensation, and related-party transactions. Private companies have more flexibility, focusing on necessary disclosures for lenders, investors, and stakeholders, often with less regulatory scrutiny.
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